Anchorage Digital partners with Stacks to enable institutional Bitcoin staking via PoX-5, allowing BTC holders to earn rewards while maintaining L1 custody.
DeFi & Yields ·
Anchorage Digital has partnered with Stacks to offer institutional Bitcoin staking through the PoX-5 mechanism, allowing Bitcoin holders to earn rewards without relinquishing custody of their assets on the Bitcoin layer. The partnership positions self-custodial Bitcoin yield as a core offering for institutional participants entering the ecosystem.
Stacks operates as a smart contract layer that settles activity back to the Bitcoin blockchain, treating Bitcoin as a final settlement and consensus anchor. PoX-5 enables this by allowing Bitcoin to be staked directly while remaining secured by Bitcoin's proof-of-work and anchored to its ledger, removing the need for users to bridge or wrap their assets elsewhere. This arrangement preserves the custody model that institutional players typically require while opening access to yield-generating protocols built on Stacks.
The exact scope of Anchorage Digital's role—whether as a custody provider, staking facilitator, or both—remains unspecified in available material. The broader institutional adoption timeline and competitive positioning against other Bitcoin staking solutions also remain unclear.